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How do cognitive skills shape fertility timing? I estimate a life-cycle model showing that contraception frictions, not just opportunity costs, drive the ability gradient in teen childbearing.

I study how parental altruism shapes investment in college. Altruistic parents support children when resources are low, financing …

We estimate the U.S. federal fiscal imbalance at $202.9 trillion in perpetuity using Penn Wharton Budget Model microsimulations.